I am setting up the VAT setting for a client, who is on Flat rate scheme. Their start date is 3rd Feb 2014 and their first VAT quarter ends on 30th April 2014.
Under the VAT settings , when i tick the box for flat rate scheme, i am then unable to select ‘accrual accounting’ - why is that?
The VAT filing start date is 03/02/2014 and the VAT period is commencing Feb, May, Aug & Nov
Thanks in advance for your help